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. standard at citibank. okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. >>> take a look at blackberry shares on the close. down 4.5%. taking another bruising today. wow. quite a run for that stock. >> its z-10 smartphone launch famed to impress goldman sachs which downgraded the stock causing a selloff. jon fortt with more on blackberry's struggle. >> goldman sachs said the sell through was the issue. your typical store they surveyed was selling fewer than ten 10-z units a day. combine that with deutsche bank who said blackberry z-10 demand is cooling off after a hot launch in the uk and canada. not everyone agrees with the doom and gloom. the big picture challenge for blackberry goes beyond phones. a big chunk of profit comes from service revenue. from blackberry subscribers. that number fell for the first time last quarter by one million. consensus is it's going to drop by another 1 million this quarter. i thin
.com or give us a call at 800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] citibank's app for ipad makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. >> i just spent the whole top of the show telling you why we didn't panic over cyprus, right? we didn't do that. >> no! >> you know what i didn't do? i didn't tell you to buy the whole market that's what. >> don't buy. don't buy. >> i'm sticking by my proposition that i can't join in the buying of most stocks up here and we did pick some small for the charitable trust and we ended up being net sellers of the day because i don't like to buy into parabolic markets. that's why we lowered our exposure to the trust. i'm not a chartist, each weekend i poured over these hand-delivered charts. i'm looking for anomalies, for opportunities. this comes from a career where i i
allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the principle architects here, the imf, the ecb, and the european union and germany with a strong hand there. if they force this upon one country, who is to say they couldn't force it upon a larger, more important country? if europe were able to execute a plan like that, who is to say that the united states wouldn't look and say, well, they did it in europe, why couldn't we look here? connell: rule of law question; right? >> exactly. dagen: what's the solution? somewhere between forcing the haircut and letting banks fail? where is the middle ground that would not make investors? >> you got to have the smaller depositors, the hundre
Search Results 0 to 2 of about 3